Why Should You Get Life Insurance
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Let me share a story of a couple I know from two years ago.
Lucy and Ruben (not their real names) are married with two children, aged 9 and 11.
Believing that it was just a typical migraine, he ignored it. After a week or so, he lost consciousness and was brought to the hospital.
He did not recover from that event and became comatose.
It was found out that he had a terminal tumor of the brain and the doctors were unsure when he would be conscious again.
To cut the story short, he never recovered and totally gave in and died.
It was an indescribably painful experience for Lucy because of Ruben’s sudden death. She told me that it would have been more painful if they did not pursue the life insurance which they bought when Ruben was still undiagnosed.
They were actually quite hesitant to obtain one because they didn’t believe in any kind of insurance.
Though it seemed quite awkward to talk about death benefits and all that, it made a big difference for the surviving family members to be left with something to start with in case of the breadwinner’s demise.
Lucy, being financially dependent on Ruben, would not have known what to do to be able to raise their children. But because Ruben was insured, his family’s future was ensured.
I am a believer of any sort of insurance.
I know that there are only two things that are certain in this world, taxes and death – with the former being mandatory while the latter being optional.
Even before Lucy’s tragic experience, my husband and I both have life insurance coverage in the event of any unfavorable incident.
For us, buying a life insurance is paying for our peace of mind.
Ensuring Financial Security You know you have ensured your financial security when you are able to establish priorities of your wealth building objectives. Here’s how your financial house should look like:
Priority 1: Protection Management
This is considered to be the “foundation” of your financial independence by way of securing a LIFE INSURANCE in the event of an untimely death of the family’s breadwinner.
Priority 2: Debt Solution
This is where you establish a game plan towards becoming debt-free the soonest.
Priority 3: Asset Management
This is where you should save enough for a more secure retirement, for your children’s future education expenses, and for other future goals and dreams.
Priority 4: Income Management
This last priority is where you can improve or add income streams to fund the shortfalls in your financial goals.
Overall, ensuring your loved ones’ future is more than enough to show how much you care for them because you don’t want them to get burdened as a consequence of your loss. Insurance is created for the sole purpose of protection in case of an unanticipated incident.
Though insurance is believed to be not for everyone, it should be taken advantaged by the majority of the population, especially those with financial dependents. Since there’s a variety of insurance available in the market, one should avail only according to his purpose/ needs, dependents, and of course affordability.
Because nobody is certain where life will take us, having insurance (both life and non-life) will give us peace of mind.
Now, are you still having second thoughts? What’s keeping you from protecting your loved ones’ future? Never delay. Make your way and ensure to insure!
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